JAKARTA (Reuters) – A unit of private equity firm CVC Capital Partners [CVC.UL] has raised 3.67 trillion rupiah (195 million pounds) by selling an 8 percent stake in Indonesia‘s Matahari Department Store Tbk , IFR reported on Monday.
CVC sold 238.6 million Matahari shares at 15,400 rupiah each in a block trade, reported IFR, a Thomson Reuters publication.
Matahari shares fell as much as 4.2 percent to 15,525 rupiah on Monday, underperforming the broader Jakarta stock exchange <.JKSE> which declined 1.9 percent.
CVC declined to comment.
(Reporting by S. Anuradha of IFR; Writing by Eveline Danubrata; Editing by Muralikumar Anantharaman)
CVC unit sells eight percent stake in Indonesia's Matahari for $293 million - IFR
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